Jeffrey Schmid, President of the Kansas City Fed, spoke today:
Key points:
- Fed aims for 2% inflation
- Less focus on potential shocks
- Modest rate cuts expected soon
- Schmid views crypto as a risk asset, not a currency
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Federal Reserve Bank of Kansas City President Jeffrey Schmid spoke earlier:Fed's Schmid calls for cautious, gradual, deliberate approach to rate cutsMore now:Very strong commitment at the Fed for 2% inflationFed doesn't focus too much on anticipated shocksExpect modest cuts in upcoming quarters This article was written by Eamonn Sheridan at www.forexlive.com.
Jeffrey Schmid, President of the Kansas City Fed, spoke today:
Key points:
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